A new report from Meticulous Research® projects the global functional ingredients market to grow to $186.75 billion by 2030, with a compound annual growth rate (CAGR) of 7.6% from 2024 to 2030. Key drivers of this growth include the increasing demand for functional ingredients in the food and beverage sector, heightened health and wellness trends, a rising preference for nutrition-rich diets, lifestyle changes, the growing prevalence of chronic diseases, and the expanding need for compound feed.

Despite the positive outlook, the market faces challenges such as stringent government regulations and the high cost of functional ingredients, which may hinder growth to some extent. However, increasing investments in the functional food and beverage industry, along with a growing demand for natural, organic, and clean-label ingredients, are expected to create significant opportunities for market stakeholders.

Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5645

Market Segmentation
The global functional ingredients market is categorized by type, source, application, and geography.
By Type:
• Vitamins
• Proteins and Amino Acids
• Minerals
• Probiotics
• Prebiotics
• Botanical Extracts
• Omega-3 & 6 Fatty Acids
• Fibers & Specialty Carbohydrates
• Other Functional Ingredients
The vitamins segment is anticipated to dominate the market in 2024, driven by the growing demand for vitamin fortification in food and beverages, animal feed, healthcare, and personal care products. This segment's growth is also fueled by increasing consumer awareness about the benefits of vitamins, the aging population, and the rise of e-commerce platforms that make vitamin-based products more accessible.

By Source:
• Naturally-Sourced Functional Ingredients
• Synthetic-Sourced Functional Ingredients
Naturally-sourced functional ingredients are expected to lead the market in 2024, reflecting a growing consumer preference for health-conscious and sustainable products, as well as concerns over the potential health risks of synthetic chemicals. This segment is also projected to experience the highest growth rate during the forecast period due to stricter regulations on synthetic ingredients.

By Application:
• Food and Beverage
o Food (Dairy Products, Bakery & Confectionery, Snacks, Infant Food, and Other Food Applications)
o Beverage (Energy Drinks, Sports Drinks, Fortified Juices, Dairy-based Beverages, and Other Beverages)
• Pharmaceuticals
• Animal Nutrition
• Other Applications
The food and beverage segment is expected to hold the largest market share in 2024, driven by the demand for nutritional and fortifying food products. Consumers are increasingly seeking functional ingredients in their food and beverages to address health concerns such as obesity, weight management, diabetes, and cardiovascular diseases.

By Geography:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
North America is projected to dominate the functional ingredients market in 2024, followed by Asia-Pacific and Europe. The region's leadership is due to a high level of awareness about the health benefits of functional ingredients, a well-established food and beverage industry, the presence of major market players, and advances in nutrition and food technology. The growing trend of personalized nutrition and the increasing prevalence of chronic diseases are also expected to drive demand in North America throughout the forecast period.

Quick Buy – Functional Ingredients Market - Global Opportunity Analysis and Industry Forecast (2023-2030), Research Report: https://www.meticulousresearch.com/Checkout/28519244

Key Market Players
The major companies in the global functional ingredients market includes Archer-Daniels-Midland Company (U.S.), Arla Foods amba (Denmark), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), Cargill, Incorporated (U.S.), International Flavors & Fragrances Inc. (U.S.), Ingredion Incorporated (U.S.), Kerry Group plc (Ireland), Koninklijke DSM N.V. (Netherlands), Glanbia plc. (Ireland), Roquette Frères S.A. (France), and Tate & Lyle Plc (U.K.).

Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research